High-Growth Ventures Differ from Small Businesses in That in High-Growth

question 62

Multiple Choice

High-growth ventures differ from small businesses in that in high-growth ventures:

• A) the focus is on efficiency rather than effectiveness.
• B) the preferred source of funding is the owner's own money rather than other people's money.
• C) the human resource system is personalized rather than professionalized.
• D) the limitation of growth is dictated by market response rather than the owner's loss of control.

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Definitions:

Enforcement Powers

The authority granted to certain organizations or bodies to ensure compliance with laws and regulations, often through the ability to impose penalties.

Corporate Criminal Liability

The legal principle that a corporation can be held accountable and sanctioned for criminal acts committed by its directors, officers, or employees.

OSH Act

The Occupational Safety and Health Act, a law aimed at ensuring safe and healthy working conditions by setting and enforcing standards and by providing training, outreach, education, and assistance.

Aggressive Enforcement

The rigorous application and execution of laws and regulations to ensure compliance.